Iron ore futures on the Dalian Commodity Exchange (DCE) remained supported on news of possible crude steel output curbs in China’s Anhui province in the Jul-Dec’21 period, as per SteelMint reports. It is estimated that daily steel production loss would be around 19,000 t. Iron ore futures on the Singapore Exchange (SGX) moved up slightly by 0.8% d-o-d. Steel futures on the Shanghai Futures Exchange (SHFE) remained more or less stable. Closing prices of the most-traded ferrous futures contracts:
- DCE iron ore futures Sept contract closed at RMB 1,166/t ($180) (+RMB 1)
- SGX iron ore futures Aug contract closed at $213/t (+1.85)
- SHFE rebar futures Oct contract closed at RMB 5,146/t ($$795) (-1)
- SHFE HRC futures Oct contract closed at RMB 5,428/t ($$839) (0)
Leave a Reply